The rally up off the Oct 4 lows is possibly close to a conclusion with a possible ending diagonal for wave C of a zig-zag type structure. If so, the 4th wave of that diagonal is probably close to done with a final 5th wave to follow. After that, look out below.
Tuesday, 10/25/11 2nd update
The rally up off the Oct 4 lows is possibly close to a conclusion with a possible ending diagonal for wave C of a zig-zag type structure. If so, the 4th wave of that diagonal is probably close to done with a final 5th wave to follow. After that, look out below.
CYCLE - Green - I, II, III, IV, V - A, B, C, X PRIMARY - Red - I, II, III, IV, V - A, B, C, X MAJOR - Blue - 1, 2, 3, 4, 5 - a, b, c, x INTERMEDIATE - Purple - 1, 2, 3, 4, 5 - a, b, c, x MINOR - Red - 1, 2, 3, 4, 5 - a, b, c, x MINUTE - Green - 1, 2, 3, 4, 5 - a, b, c, x MICRO - Black - 1, 2, 3, 4, 5 - a, b, c, x NANO - Black - (1), (2), (3), (4), (5) - (a), (b), (c), (x)
Manage apple orchard & processing business full time - trade part time
Traded cattle futures professionally for family meat packing company in 1980's
Also traded stock indexes for own account
Won the US Trading Championship - Options Division in 1986 (500%+ return in 4 months)